USEC Snags More Funds In Spending Bill

WASHINGTON — The massive federal spending bill passed by the House on Wednesday includes $118 million for the uranium enrichment project in Piketon run by USEC, even though the viability of the project and the company are in doubt.

USEC, a Maryland-based global energy company, is about to file for bankruptcy. With enriched uranium prices at rock bottom, the commercial application of USEC’s American Centrifuge Project is in question.

And the money included in the fiscal year 2014 spending bill would go to fund a project that USEC says has essentially been completed — a two-year research, development and demonstration initiative done in concert with the Department of Energy.

More